THE crypto market is exciting, but it can be risky if you don’t have a plan. Many new investors lose money not because of the market, but because of simple mistakes. Here are 5 things you should avoid:
1:FOMO (Fear Of Missing Out) Don't buy a coin just because everyone is talking about it or because the price is already pumping. Usually, by the time you hear the hype, it's too late. Buy when the market is quiet, not when it's exploding.
2:Investing More Than You Can Lose Crypto is volatile. Never use money meant for rent or school fees. Only invest what you can afford to stay without for a long time.
3:Ignoring Research (DYOR)
Don’t follow "signals" blindly. Before buying any coin, understand what it does. Read the project’s goal and check their community. Remember: Do Your Own Research (DYOR).
4:Not Using Stop-Loss Many beginners hold a falling coin until it hits zero. Using a "Stop-Loss" order on Binance helps you minimize losses if the price goes against your prediction.
5: KEEPING ALL EGGS IN ONE BASKET:Don't put all your money in one coin. Diversify your portfolio. Spread your investment across different projects like BTC, ETH, and other promising Altcoins.
CONCLUSIO: Crypto success takes patience and discipline. If you found this helpful, please Follow me for more daily tips and Like this article!
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